Major 4 Networks PDV Growing Double Digits YOY Driven by V&M

Major 4 Networks PDV Growing Double Digits YOY Driven by V&M

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase dollar volume (PDV) for the Major 4 networks (Visa, MasterCard, American Express and Discover) cards (credit + debit) in the U.S. climbed 9.0% year-on-year (YOY) in 1Q/16 hitting $1209 billion.  Visa led the way in the first quarter posting a 10.5% YOY gain for U.S. PDV. The Major 4 collectively…

SYNCHRONY; PAYZER; NERDWALLET; and CASHBET

In Other News: SYNCHRONY (agreement); PAYZER (Nexstar); NERDWALLET (aboutLife); and CASHBET (partnerships). SYNCHRONY – Synchrony Financial and Vaughan Bassett Furniture Company, a leading American manufacturer of sustainable home furnishings, inked a multi-year extension of its consumer financing program agreement. The program, which began in 2010, will continue to provide customers with access to a range…

Visa Adds 50 bps to its Gross Dollar Volume Marketshare

Visa Adds 50 bps to its Gross Dollar Volume Marketshare

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The nation’s four major payment card networks produced $1401 billion in U.S. gross dollar volume (GDV) in the first quarter (1Q/16) for a 9.0% year-on-year (YOY) gain. Visa continues to rule the market, growing its U.S. GDV marketshare from 58.2% in 1Q/15 to 58.7% in 1Q/16, largely at the expense of…

Union Mobile Pay & Syniverse Team to Offer Free Wi-Fi Banking

Union Mobile Pay & Syniverse Team to Offer Free Wi-Fi Banking

Mobile payment enabler, Union Mobile Pay, is working with Syniverse to enable banking institutions across China to enhance their customer loyalty programs by providing premium cardholders with free, unlimited Wi-Fi access on their mobile devices when traveling to Taiwan and Thailand. The collaboration allows banking institutions to sponsor the cost of their cardholder’s access to…

V+M+A+D U.S. Credit Card Gross Accounts +6% YOY

V+M+A+D U.S. Credit Card Gross Accounts +6% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total U.S. gross accounts (GAC) in the first quarter (1Q/16) for Visa, MasterCard, American Express and Discover U.S. credit cards was up 6.1% year-on-year (YOY). At the end of 1Q/16, there were 504.4 million U.S. credit GAC compared to 498.5 million for 4Q/15, and 475.0 million for 1Q/15. Visa U.S. credit…

Medical Data Breaches Offer Best Source for Fraud

Medical Data Breaches Offer Best Source for Fraud

Data breaches dominated the news over the past two years, some with devastating impact. Data theft from government agencies, healthcare providers, financial institutions, telecoms, retailers, and social networks proved that no industry is immune from attack. Javelin’s new 2016 Data Breach Fraud Impact report assesses how the relationship between data breaches and consumer identity fraud will…

Visa + MasterCard Purchase Dollar Volume Up a Robust 10.4%

Visa + MasterCard Purchase Dollar Volume Up a Robust 10.4%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV) for Visa and MasterCard payment cards (credit + debit) in the first quarter (1Q/16) grew at an annual rate (YOY) of 10.4% YOY. U.S. Visa and MasterCard reported payment card PDV of $1010 billion for 1Q/16, compared to $1032 billion in the prior quarter, and $915…

U.S. Purchase Transactions for Visa & MC Continues Robust Growth

U.S. Purchase Transactions for Visa & MC Continues Robust Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase transactions (PTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 11.7% year-on-year (YOY) in the first quarter (1Q/16) to 19.3 billion. The growth was driven by credit cards, and more specifically MasterCard. U.S. purchase transactions for Visa and MasterCard credit cards grew by 12.9% YOY, coming…

Top 4 U.S. Issuer Active Accounts Up Driven Solely by COF

Top 4 U.S. Issuer Active Accounts Up Driven Solely by COF

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the Top 4 U.S. issuers, edged up 4.2% year-on-year (YOY) in the first quarter (1Q/16). Capital One (COF) was the only issuer to post real positive YOY AAC gain in the first quarter. While Chase was up, BofA had…

Visa and MasterCard Payment Card CDV Rises 7.6% YOY

Visa and MasterCard Payment Card CDV Rises 7.6% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Cash Dollar Volume (CDV) for Visa and MasterCard (credit + debit) in the first quarter (1Q/16) grew at an annual rate (YOY) of 7.6%. The growth was driven by MasterCard debit cards. Visa U.S. payment card (credit + debit) CDV for 1Q/16 was up 7.4%. MasterCard U.S. payment card (credit…

UnionPay and BCcard Roll-Out HCE mobile QuickPass in South Korea

UnionPay and BCcard Roll-Out HCE mobile QuickPass in South Korea

UnionPay and BCcard jointly launched UnionPay HCE mobile QuickPass in South Korea, which will enable the local UnionPay cardholders to pay by tapping their mobile phones. South Korea becomes the first overseas market to have launched mobile QuickPass. Mobile QuickPass is UnionPay’s new mobile payment solution. It supports both offline contactless payment via mobile phones…